- Royal Dutch Shell (RDS.A, RDS.B) announces a third major discovery in the Norphlet play in the deepwater Gulf of Mexico with its successful Rydberg exploration well.
- Shell is completing the full evaluation of the well results but expects the resource base to contain ~100M boe; combined with the nearby Appomattox and Vicksburg discoveries, the new discovery brings total potential Norphlet discoveries to 700M-plus boe.
- The discovery is the first for the partnership of operator Shell, with a 57.2% stake, Ecopetrol (NYSE:EC) and Nexen (NYSE:CEO).